The CEO of one of America's biggest homebuilders sounds the alarm on a 'housing slowdown'

Toll Brothers ' home orders plunged 13% year-over-year in the fourth quarter, the first drop since 2014.
The drop was due to a housing slowdown amid rising interest rates, and driven by a huge falloff in California demand, said CEO Douglas C. Yearley, Jr.
The company's quarterly results beat on both the top and bottom lines.
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Toll Brothers , one of America's biggest homebuilders, warned Tuesday that the housing market is feeling the pain of rising interest rates.
"In November, we saw the market soften further, which we attribute to the cumulative impact of...Read more ...